Parsons Corporation (PSN) Misses Q2 EPS by 19c, Lowers FY Guidance

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/16/2026

1. VRNS
2. JBHT
3. CRWV
4. TSLA
5. SCHW
6. GPRK
7. TRV
8. TFC
9. USB
10. SPY

Go back to Parsons Corporation (PSN) Misses Q2 EPS by 19c, Lowers FY Guidance

Parsons Reports Second Quarter 2021 Results

August 4, 2021 6:30 AM EDT

Q2 2021 Financial Highlights

Revenue of $879 millionNet income of $7 million and margin of 0.8%Adjusted EBITDA of $66 million and margin of 7.5%Cash flow from operations of $104 million, a company record for the second quarterBook-to-bill ratio of 1.9x, driven by Federal Solutions book-to-bill ratio of 2.8x, both company records

Strategic Highlights

Strong Q2 2021 with three contract wins over $100 million each, including the companys largest win everAnnounced BlackHorse acquisition, enhances cyber, electronic warfare and information dominance capabilitiesContinued to build on long-standing commitment to ESG initiatives and published 2021 CSR... More